Shadow Day Trading

Shadow Day Trading

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Summary

Shadow Day Trading is the latest scam by Mark Katzenberger and his son, Gannon Katzenberger of Bradenton, Florida. Company claims over 98% winners and average profits of over $14,000 per month. Promising a guaranteed investment return of 800% in only 90 days. Company claims all profits are verifiable with actual brokerage statements…absolutely false. No brokerage statements exist. Company has executed the exact same fraud through a multitude of fraudulent and now defunct trading websites. Avoid.

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Pros:Absolutely nothing to recommend.

Cons:Company owner has a long and sad history of running trading scams. Promising 800% returns in only 90 days. A false, fraudulent, and outrageous money back guarantee. A complete and total scam.

Thanks for reading today’s review of Shadow Day Trading

What is Shadow Day Trading? Shadow Day Trading is a futures day trading room, trading system, and educational product. The cost of the Shadow Day Trading program comes at price tag of $2,698.

The $2,698 product includes the following:

6 Training Videos

2 Pre-recorded classroom videos

Access to daily ”live trading room” 5 days per week (2 months FREE/ $299 per month after first 2 months)

Attendance in classes 2 days per week

The owner of Shadow Day Trading is Mark Katzenberger, and his son, Gannon Katzenberger. Both reside in Bradenton, Florida.

Performance Claims

Shadow Day Trading is claiming a truly amazing performance record. A review of their website claims that they average about $14,000 per month in net profits.

A review of the daily performance summary, which begins on January 4, 2016 through August 11, 2016 reveals that out of 150 trading sessions, they only experienced 3 losing days.

Of the supposed three losing days, the average losing day was only $120.

Of the 147 supposed winning trading days, the average profitable winning day was $757.

A truly remarkable track record of 98% winning trades.

Shadow Day Trading also claims that all trading records are 100% verifiable, and that the results are backed by authentic brokerage statements.

Attempting to verify performance claims

During the month of July, 2016, TradingSchools.Org attempted to verify that the brokerage statements actually exist. Unfortunately, Gannon Katzenberger refused. After a series of back and forth emails with Gannon, he claimed that he had consulted with his attorney and his private investigator and that he would sue anyone, and everyone that had anything negative to say about his company.

I explained to Gannon that I have absolutely zero fear of his private investigator and his lawyer, and that he should file his lawsuit immediately.

Outrageous Performance Guarantee

In addition to the amazing performance records, Shadow Day Trading is also offering a 100% money back guarantee. The following is the guarantee:

A review of the performance guarantee reveals that if customers invest $2,698 in the educational product, and it does not produce at least an 800% return of $11,094 in profits within 90 days, then they will refund the full purchase price.

Can you trust the performance guarantee?

If you are starting to smell a turd, then you are correct. This is the not the first performance guarantee of Mark Katzenberger and Gannon Katzenberger. If fact, most recently they were pushing the same trading hustle through a company named Pivot Lines.

Notice the remarkable resemblance of the performance guarantee between Pivot Lines and Shadow Day Trading?

More about Mark Katzenberger

It appears that Mark Katzenberger has been running these trading scams for quite a few years. The earliest appears to be two separate and now defunct trading websites named MyQuickTrades.com, and EzProTrading.com. In fact, there are now, so many defunct websites, that naming them all would take several hours.

In addition to a multitude of scam websites that have ripped off consumers, Mark Katzenberger has accrued a very negative online reputation. The complaints are stunningly similar, the customer buys a trading system backed with the same “100% money back guarantee”, but once the purchase is made…Mark Katzenberger disappears a short time later. Have a look at some of the complaints:

How the scam is executed

After accumulating the evidence that exposed this fraud, it became apparent and obvious how this father/son team is pulling off this scam.

Step one is to put up a website and populate it with fraudulent performance figures.

Step two is to contact Ninja Trader have the business listed in the Ninjatrader Educator Ecosystem. Convince Ninja Trader to give a free webinar and sell the product based upon the fraudulent performance and fraudulent guarantee.

Step three is to contact OnlineTraderCentral.com and purchase an online webinar promotion for $800. Sell as much as possible through fraudulent promotion.

Step four, as purchasers begin to realize that the performance is fraudulent and the requests for refunds begin arriving…then quickly pull the website down and disappear.

Repeat step one.

Wrapping things up

The more I dug around with this Mark Katzenberger and his son, Gannon Katzenberger, the uglier it got. The sheer amount of websites and scams is borderline hilarious. The same game, over and over. Check out MastersOfTrading.com, now defunct, with the exact same performance guarantee.

The moral of the story is that you simply cannot believe these sorts of performance guarantee’s. Anyone promising 100% to 800% in only a month is just looking to pull a scam.

Sadly, I know that Mark and his son Gannon are going to disappear shortly. And like the cockroaches that they are, they will reappear later. Using false names and a new website, making amazing performance claims of 98% winners and a fraudulent performance guarantee.

The thing that irritates me most about this scam is the father/son dynamic. What Dad would teach his son to scam people for a few thousand dollars? What a dirt bag human being.

And Gannon, when you read this, please do get your “private investigator and attorney” to sue me. What an honor it would be to expose this scam further.

Mark Katzenberger has a very distinctive voice. I’m almost sure his latest offering is pricelinetrading.com. The speaker in the webinar billed himself as “Brian Cohen.” Maybe I’m wrong, but I don’t think so. $898 for 3 months with “money back guarantee.”

In my opinion , I’m quite sure pricelinetrading.com is the same group, it’s got Katzenberger written all over it.. Also he seemed to be very much alive and well and doing webinars even this past January for the same group, so I guess that’s weird how PLT can say he died over a year ago, hmmm.. Would really like to see a review and expose the truth.

Jim you are incorrect. The facts are Mark passed away about one year ago, so it would be impossible for him to do a webinar. We know this because about six months ago we purchased a large email list and assets from his legal counsel handling his affairs for his corporation. We have no affiliation with the websites in this review. Also, we reached out to Emmett about three months ago and asked him to do a review of Price Lines Trading system. He said he is busy with other current reviews he is working on and when he has… Read more »

Hey PLT or pricelinetrading.com , your site says you have 30 years of experience as a veteran trader? What “Head Trader” name would you be going by now? Where exactly was that experience from? Provide some details please.. Also your return policy reads very similar to the ones from shadowdaytrading.com , pivotlinestrading.com , mastersoftrading.com , xmatrading.com , ezprotrading.com , bouncetrade.com , superscalptrading.com , etc etc . All of which those were scams as they said the same along the lines of ” full refund if the numbers posted on the P & L page do not provide gains in excess… Read more »

Thanks Jtrader & Shredder for the update. Reminds me of former GTR Amico and his buddy popping up again as a new site. With the economy still bad, there’s still a steady stream of dying middle class newbs gambling their last cc loan legs, that these sham hucksters are looking to bait..

Great expose of these guys. I knew Ninjatrader was a shady business based on their association with BigMikeTrading and them charging 1K for a program that looks like it was made for Windows 95. Stocktwits is just as bad as Ninjatrader based on how they promote shady vendors. Is there a way I can request reviews of these liars? They’re all over Stocktwits and in need of being exposed.

In reading through these reviews by Emmett (which are wonderful) NinjaTrder is complicit in pushing these shady vendors forward. What makes it more disturbing is that they’ve got a fiduciary duty as a broker to nor do this.

Unfortunately , it’s a sign of the times. Outside of the sham retail trading education and product fraud world, the general societal and economic world is breaking down. I suspect besides the lack of the cftc ability to crack down on these scams, the liquidity from retail losing trading only helps aspects of the financial world that profit ungamely such as hft, pump and dumps, insider buybacks etc.

Have been thinking of publishing an article on the book, “Flash Boys”. Its just crazy and outrageous what the retail brokers (Schwab, TD Ameritrade, Etrade) are currently getting away with. Most people have no idea. Its a deep and complicated subject. But once its understood, its absolutely infuriating.

So true. As Americans, we have come to rely upon our institutions and watch dog agencies to protect us. But the truth is that gutted budgets, decentralization, and institutional fraud have cleared a wide open path where fraud is running rampant. I hope things will get better. And soon.

Emmett when can we get review of big named or established trading rooms like trading concepts, online trading academy etc., instead of these small time yahoos. Anyone who went to shadow day trading website and looked at their track record and still believes them needs to locked up in an asylum ward.

Fara, I’m sure Emmett will get to the bigger rooms eventually but in the mean time assume they are all scams. Ask yourself – If someone is successful in the market why would they attempt to sell their system to someone else? The answer is they wouldn’t – If anything, they would quit their job and trade full time for themselves and family. So people don’t be so gullible if you don’t have time to educate yourself from all the free sources on the internet then just buy the S&P 500 etf – SPY.

The worst part about this is basically what you are saying, and what we are discovering, is a recipe to make a lot of money off people screwing them out of their hard earned money and never having to worry about ramifications. There are a lot of white collar people doing this sort of stuff out there – as proven by your website and I am sure you have only scratched the surface which is the worst part of it – and this particular field, the ‘trading education’ field, seems to be where the mother load of scumbag fraudsters come… Read more »